Use the table below to answer the following questions.
Table 2.1.1
The following table gives points on the production possibilities frontier for goods X and Y.

-Refer to Table 2.1.1. What does point C mean?
A)If 8 units of X are produced, then at least 28 units of Y can be produced.
B)If 8 units of X are produced, then at most 28 units of Y can be produced.
C)If 28 units of Y are produced, then more than 8 units of X can be produced.
D)If 8 units of X are produced, then only 36 units of Y can be produced.
E)There is unemployment at this point.

Question

Use the table below to answer the following questions.
Table 2.1.1
The following table gives points on the production possibilities frontier for goods X and Y.
 
-Refer to Table 2.1.1. What does point C mean?
A)If 8 units of X are produced, then at least 28 units of Y can be produced. 
B)If 8 units of X are produced, then at most 28 units of Y can be produced. 
C)If 28 units of Y are produced, then more than 8 units of X can be produced. 
D)If 8 units of X are produced, then only 36 units of Y can be produced. 
E)There is unemployment at this point.

Quizplus · Accepted Answer

Point C likely represents a production possibility on a curve, indicating the maximum output of Y when 8 units of X are produced.

Use the Table Below to Answer the Following Questions